PKR depreciates by 2.2 rupees over the week

MG News | May 29, 2020 at 04:15 PM GMT+05:00

0:00

May 29, 2020 (MLN): Pakistani rupee (PKR) depreciated by 1.1 rupees against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 163.1 per USD, against yesterday's closing of PKR 161.99 per USD.

1.75 rupees per USD showing an intraday high bid of 163.50 and an intraday Low offer of 162.00.

During the week, the currency has lost 2.2 rupees against the greenback, as the previous week was concluded at PKR 160.92 per USD.

Within the Open Market, PKR was traded at 161.5/163 per USD.

Meanwhile, the currency lost 2.3 rupees to the Pound Sterling as the day's closing quote stood at PKR 200.75 per GBP, while the previous session closed at PKR 198.47 per GBP.

Similarly, PKR's value weakened by 2.8 rupees against EUR which closed at PKR 180.98 at the interbank today.

On another note, within the money market, the State Bank of Pakistan (SBP) conducted an Open Market Operation in which it injected Rs.461.95 billion for 7 days at 8.02 percent.

The overnight repo rate towards close of the session was 8.00/8.10 percent, whereas the 1 week rate was 8.02/8.07 percent.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,404.49 326.40M	-0.32% -556.16
ALLSHR	103,442.24 795.99M	-0.21% -217.04
KSE30	52,413.79 113.03M	-0.27% -143.72
KMI30	244,645.84 109.10M	-0.15% -378.05
KMIALLSHR	67,050.27 450.39M	-0.02% -14.08
BKTi	47,413.54 37.21M	-0.37% -176.81
OGTi	33,419.75 8.88M	-0.20% -67.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,895.00	89,510.00 85,135.00	3075.00 3.63%
BRENT CRUDE	60.55	60.65 59.40	0.73 1.22%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.54	56.72 55.61	0.54 0.96%
SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%